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leaving theth capitol, the president stoppedsident sto at a bus that martin luther king, jr., whose birth the nation celebrates today. the presidential limousine led the procession from capitol hillm capito stopping along pennsylvania avenue so the obamas could get out and walk part of the way-- to the delight of the crowd. the first lady was wearing a coat and dress by american designer tom brown. the vice president got out of his limo and well and made the day of a young constituent.back a back at the white house, therst fami president and the first family reviewed the inaugural parade with bands, float, and marchers representing every state in the union. and this evening, the obamas are attending two inaugural balls. we have a team of cbs news correspondents covering this inauguration. first, major garrett at the wh white house with more about theaddr address and the four years ahead. major? >> reporter: scott, president obama knows the debate over deficit reduction and entitlement programs like medicare, medicaid and social security is straight ahead.mr. obama mr. obama used today's s
.s. innovation. it's our special martin luther king junior holiday edition. and, there's more to learn about innovation, on the "n.b.r." website. "nbr-u" has research from harvard on competitiveness topics. it explores the tendency for firms to focus on what's worked in the past, rather than on the needs of the future. just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: that's "nightly business report" for thursday, january 17. have a great evening everyone, and you too susie. >> susie: goodnight tom, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
for the martin luther king junior holiday, we bring you an "n.b.r." special edition: u.s. innovation. america has a long history as the world's leading innovator. but what will it take to stay competitive and remain a beacon of innovation? suzanne pratt has the story. >> reporter: the u.s. has put the world behind the wheel and an iphone in millions of pockets. but, we may be losing our competitive edge. some say it's because america's fragile economy is a distraction for corporate america. others point to our inferior infrastructure and subpar public education. but, adam segal senior fellow at the council on foreign relations and author of "advantage" says the big problem is others are gaining ground. >> we have been running in place for the last three or four years because of the recession, spending on r&d, and big ideas seem to be fairly scarce. while china just continues to funnel more and more money into it. >> reporter: still many argue the u.s. will always be extremely competitive because we are the most innovative place in the world. what better place to witness innovation at work here a
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